Search Results for: fraud detection

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The Good and Bad of AI in Financial Services

Jeffrey Feinstein
by Jeffrey Feinstein0
The rise of artificial intelligence (AI) has brought about a range of reactions in the financial services industry from confusion and worry to excitement. As I interact with other data scientists, fraud analysts and risk managers, the benefits and risks of AI and its subdivision Generative AI (GenAI) have become......
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Global Fintech Interview with Valentina Kristensen, Corporate Affairs Director at OakNorth

Fintech Staff Writer
by Fintech Staff Writer0
Could you please tell us a little bit about the history of OakNorth and the journey to date? OakNorth was founded in September 2015 with one fundamental purpose: to serve and empower small-to-medium sized businesses (£1m-£100m turnover) that were seeking to scale but were routinely underserved or overlooked by traditional......
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Fintech and the Future of Digital Payments

Prajakta Ayade
by Prajakta Ayade0
In an era marked by technological advancements and digital integration, the financial transaction landscape is profoundly evolving. Digital payments, once a convenience, are now a necessity of modern commerce, revolutionizing how individuals and businesses exchange value globally. As we peek into the future, it becomes increasingly apparent that the trajectory......
Global Fintech Interview with Sadra Hosseini, CEO at Ryft
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Global Fintech Interview with Sadra Hosseini, CEO at Ryft

Paroma Sen
by Paroma Sen0
Sadra Hosseini, CEO at Ryft shares the latest trends impacting the rapidly evolving fintech market in the UK and EUR region in this catch up with Global Fintech Series: _____________ Thanks for taking the time to chat with us Sadra, tell us about yourself and more about Ryft… I’m Sadra,......
Unit21's New ACH Features Unleash Safer, Faster Payments
Digital Payments News

Unit21’s New ACH Features Unleash Safer, Faster Payments

Business Wire
by Business Wire0
These two features–ACH Risk Scores and Action Event Rules–enhance fraud detection and enable faster fund availability for banks, credit unions, and fintechs Unit21, a company that proactively mitigates risk tied to money laundering, fraud, and other illicit activities, announced the launch of ACH Risk Scores and Action Event Rules .......
Permira to Acquire Majority Position in BioCatch at $1.3bn Valuation
Fintech News

Permira to Acquire Majority Position in BioCatch at $1.3bn Valuation

PR Newswire
by PR Newswire0
Permira Growth Opportunities Transaction builds on initial minority investment made in early 2023 to acquire a majority position and support BioCatch’s accelerated growth within online fraud detection and financial crime prevention BioCatch (the “Company”), the global leader in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence,......
Open-ECX-announces-partnership-with-Medius-to-offer-enhanced-AP-automation-capabilities
Finance Fintech News

Open ECX announces partnership with Medius to offer enhanced AP automation capabilities

PR Newswire
by PR Newswire0
Following its recent launch into the channel market, leading e-trading solutions and Accounts Payable (AP) automation software provider, Open ECX, has announced a new partnership with Medius to provide their enhanced suite of advanced AP automation solutions. Open ECX’s statement reconciliation functionality together with Medius’s AP automation and fraud detection offerings offer organisations......
Fintech Galaxy Launches Open Banking Credit Scoring Capabilities in Partnership with Singapore’s FinbotsAI
Banking News

Fintech Galaxy Launches Open Banking Credit Scoring Capabilities in Partnership with Singapore’s FinbotsAI

Fintech News Desk
by Fintech News Desk0
• Fintech Galaxy redefines credit scoring by leveraging Singapore’s FinbotsAI’s AI-driven credit scoring platform, CreditX, within FINX Connect. • The collaboration introduces a state-of-the-art solution for instant credit risk assessment utilizing Open Banking data to enhance lending decisions and drive operational efficiency in the MENA region. • Fintech Galaxy will......
Verafin Enhances Financial Crime Management Solutions Suite with Launch of Entity Research Copilot — First of Its Integrated Copilot Capabilities
Artificial Intelligence Finance

Verafin Enhances Financial Crime Management Solutions Suite with Launch of Entity Research Copilot — First of Its Integrated Copilot Capabilities

Business Wire
by Business Wire0
Proven Solutions with Integrated GenAI Copilot Features Significantly Improve Investigator Efficiency with up to 90% Reduction in Alert Review Time Compared to Legacy Approaches. Verafin, a Nasdaq company, renowned for its expertise in applying artificial intelligence (AI) and big data technologies to fight crime, announces the launch of Entity Research......
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